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Tax Overview
ii. With respect to the legislation of Denmark; the regime applicable to holding companies which does not have substantive economic activity;
iii. With respect to the legislation of the Netherlands, the regime applicable to holding companies which does not have substantive economic activity;
iv. With respect to the legislation of Iceland; the regime applicable to legal entities incorporated as International Trading Companies (ITC);
v. With respect to the legislation of the United States of America, the regime applicable to the state Limited Liability Companies (LLC), whose corporate ownership is composed by non-residents, not subject to the federal income tax;
vi. With respect to the legislation of Spain, the regime applicable to the “Entidad de Tenencia de Valores Extranjeros” (ETVEs.);
vii. With respect to the legislation of Malta, the regime applicable to the International Trading Company (ITC) and International Holding Company (IHC);
viii. With respect to Switzerland, the regimes applicable to legal entities incorporated as holding company, domiciliary company, auxiliary company, mixed company and administrative Company,
which tax treatment results in the Corporate income tax, in combined
way, lower than 20% following federal, cantonal and local laws, as well as regime applicable to other legal forms of incorporation of legal entities, through rulings issued
by tax authorities, which results
in the corporate income tax levy,
in combined way, inferior to 20% according to federal, cantonal and local laws;
ix. With respect to the legislation
of Austria, the regime applicable to legal entities incorporated as holding which does not have substantive economic activity;
x. With respect to the legislation of Costa Rica, the Free Trade Zone Regime (Regime de Zonas Francas (RZF);
xi. With reference to the legislation of Portugal, the regime of the Madeira International Center of Business (CINM); and
xii. With respect to the legislation of the Singapore, the following regime with differentiated rate for:
a. special rate of tax for non- resident shipowner or charterer or air transport undertaking;
b. exemption and concessionary rate of tax for insurance and reinsurance business;
c. concessionary rate of tax for Finance and Treasury Centre;
d. concessionary rate of tax for trustee company;
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